2014-05-14T15:03:25-05:00 2013-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY 1200 PORTLAND OR 97205 990 2013-01-01 930208571 LAKE OSWEGO CORPORATION LAKE 5036361422 PO BOX 203 LAKE OSWEGO OR 97034 DOUG THOMAS PRESIDENT 5036361422 2014-05-12 1 WENDY CAMPOS P00448102 5032421447 2013 2015-11-30 17:44:51Z DOUG THOMAS PO BOX 203 LAKE OSWEGO OR 97034 2339389 0 X WWW.LAKECORP.COM X 1942 OR TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 12 12 24 12 0 0 1904860 1915740 427122 410558 2463 5092 32076 7999 2366521 2339389 0 0 0 0 666340 684243 0 0 0 1659222 1382408 2325562 2066651 40959 272738 4933279 5169018 629639 592640 4303640 4576378 TO PROVIDE A SAFE AND CLEAN ENVIRONMENT FOR THE RESIDENTS OF LAKE OSWEGO AND PRESERVE THE NATURAL RESOURCES OF THE LAKE. 0 0 1822256 410558 EXPENDITURES FOR LAKE PATROL, WATER QUALITY MANAGEMENT AND POWER GENERATION ALLOW THE CORPORATION TO MAINTAIN SAFETY ENFORCEMENT, CLEAN WATER AND PRESERVATION OF THE NATURAL RESOURCES AND WILDLIFE FOR RESIDENTS. 1822256 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 24 1 0 0 0 0 1 1 0 X 12 12 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 1 1 0 X CHRISTINA STAUFFER OFFICE MANAGER 5036361422 700 MCVEY AVE LAKE OSWEGO OR 97034 DOUG THOMAS PRESIDENT 5.00 X X 0 0 0 JOHN STIREK VICE PRESIDENT 5.00 X X 0 0 0 JAY HAMACHEK SECRETARY 5.00 X X 0 0 0 TODD HENNELLY TREASURER 5.00 X X 0 0 0 PHIL ROBINSON DIRECTOR AT LARGE 5.00 X 0 0 0 RON FOWLER DIRECTOR AT LARGE 5.00 X 0 0 0 MATT REID DIRECTOR AT LARGE 5.00 X 0 0 0 MATT LEVIN DIRECTOR AT LARGE 5.00 X 0 0 0 ELAINE LORD DIRECTOR AT LARGE 5.00 X 0 0 0 TODD VAN RYSSELBERGHE DIRECTOR AT LARGE 5.00 X 0 0 0 TOM BRADEN DIRECTOR AT LARGE 5.00 X 0 0 0 WARD HUBBELL DIRECTOR AT LARGE 5.00 X 0 0 0 JEFF WARD LAKE MANAGER 40.00 X 146460 0 19675 146460 0 19675 1 0 1 0 STOEL RIVES LLP 900 SW 5TH AVE 2300 PORTLAND OR 97204 LEGAL SERVICES 383481 1 1915740 1915740 MARINA SERVICES 713990 220945 220945 PROPERTY TRANSFER FEES 531390 155000 155000 POWER AND WATER SALES 221000 21453 21453 LICENSES AND PERMITS 713990 13160 13160 410558 5092 5092 1175 0 1175 1175 1175 MISCELLANEOUS 713990 6824 6824 6824 2339389 410558 0 13091 560555 476472 84083 11748 9986 1762 54722 46514 8208 57218 48635 8583 386675 386675 19285 19285 47798 47798 25137 25137 34479 34479 39079 29309 9770 24148 24148 253500 253500 108463 71853 36610 MARINA EXPENSES 215983 215983 WATER QUALITY 127730 127730 EQUIPTMENT MAINTENANCE 36697 35373 1324 POWER GENERATION 12432 12432 51002 10711 40291 2066651 1822256 244395 0 5311 5311 183898 486754 219282 183460 325 6892107 2483515 4435140 4408592 89648 84576 4933279 5169018 378 0 629261 592640 629639 592640 X 0 0 0 0 4303640 4576378 4303640 4576378 4933279 5169018 272738 0 X 1 X 0 1 0 1 0 0 943341 943341 563087 326940 236147 5385679 2156575 3229104 4408592 X PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - THE CORPORATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS IN OPERATING EXPENSES. THE CORPORATION HAD NO UNRECOGNIZED TAX BENEFIT THAT REQUIRED AN ADJUSTMENT TO THE JANUARY 1, 2009 BEGINNING BALANCE OF RETAINED EARNINGS (YEAR OF ADOPTION) AND HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2013. NO INTEREST AND PENALTIES HAVE BEEN ACCRUED FOR THE YEAR ENDED DECEMBER 31, 2013. THE CORPORATION FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR THE YEARS BEFORE 2010 FOR ITS FEDERAL FILINGS. X X 0 0 0 0 0 0 0 0 0 JEFF WARD LAKE MANAGER 146460 0 0 0 0 0 4206 0 15469 0 166135 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SHAREHOLDERS ARE INDIVIDUALS OR OTHER ENTITIES WHO OWN LAKE OSWEGO LAKE FRONT PROPERTY. ONE SHARE OF STOCK IS ISSUED FOR EACH TEN FEET OF LAKE FRONTAGE OR MAJOR FRACTION THEREOF. FORM 990, PART VI, SECTION A, LINE 7A EACH OUTSTANDING SHARE IS ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF THE SHAREHOLDERS, INCLUDING BOARD ELECTIONS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY THE LAKE MANAGER AND OFFICE MANAGER FOR REASONABLENESS AND COMPLETENESS BEFORE FILING. THE BOARD PRESIDENT REVIEWS FORM 990 AT THE TIME OF SIGNING. FORM 990, PART VI, SECTION B, LINE 15 TO DETERMINE EXECUTIVE DIRECTOR COMPENSATION AT THE TIME OF HIRE, A HEAD HUNTER AND MARKET DATA ARE USED TO COME TO AN AGREEABLE PACKAGE; THE BOARD OF DIRECTORS DETERMINES SUBSEQUENT COMPENSATION INCREASES. OTHER COMPENSATION PACKAGES ARE REVIEWED BY THE EXECUTIVE DIRECTOR USING MARKET DATA. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO SHAREHOLDERS ONLY UPON REQUEST FOR REVIEW AT THE ORGANIZATION'S FACILITY.